ZoomInfo Technologies (NASDAQ:ZI) Shares Up 4.9% – Still a Buy?

ZoomInfo Technologies Inc. (NASDAQ:ZI) rose 4.9% on Tuesday . The company traded as high as $8.32 and last traded at $8.40. Approximately 375,365 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 7,250,884 shares. The stock had previously closed at $8.00.

Analyst Ratings Changes

A number of analysts have recently commented on ZI shares. Citigroup boosted their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Barclays upped their price target on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on shares of ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $11.58.

ZoomInfo Technologies Trading Down 1.1 %

The business has a fifty day moving average price of $10.03 and a 200-day moving average price of $10.35. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market cap of $2.73 billion, a P/E ratio of 266.42, a PEG ratio of 13.05 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last posted its earnings results on Tuesday, February 25th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million for the quarter, compared to analyst estimates of $297.64 million. On average, analysts forecast that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On ZoomInfo Technologies

Several institutional investors have recently made changes to their positions in the stock. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies in the 4th quarter valued at about $116,622,000. Deutsche Bank AG boosted its position in shares of ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company’s stock worth $107,506,000 after acquiring an additional 10,181,253 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ZoomInfo Technologies by 35.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company’s stock valued at $63,999,000 after acquiring an additional 1,591,960 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ZoomInfo Technologies by 67.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company’s stock valued at $55,029,000 after purchasing an additional 2,118,297 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new stake in ZoomInfo Technologies during the fourth quarter worth $48,336,000. 95.47% of the stock is currently owned by institutional investors.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.